Celestica Q3 Earnings Beat Estimates with $397.2 Million Profit, Revenue Tops $5.8 Billion

Celestica Inc. (CLS) reported third-quarter net income of $397.2 million on Monday, beating Wall Street expectations on both earnings and revenue. The Toronto-based electronics manufacturing services company posted earnings of $3.30 per share, adjusted for one-time gains and costs, topping the $3.02 average estimate from four analysts surveyed by Zacks Investment Research. Net income per share was $3.26. Revenue reached $5.83 billion, exceeding the $5.5 billion forecast from three Zacks analysts. For the fiscal fourth quarter ending in December, Celestica expects per-share earnings of $3.37 to $3.57 and revenue of $6.28 billion to $6.58 billion.